Electronic Arts (ERTS) NewsBite - ERTS Q2 Earnings Preview
Posted: Monday, November 09, 2009 1:53 PM EDT
By: Market Intelligence Center Staff
Electronic Arts (NasdaqNM: ERTS) opened at $19.35. So far today, the stock has hit a low of $19.07 and a high of $19.54. ERTS is now trading at $19.33, up $0.33 (1.74%). The stock hit its 52-Week high of $23.95 last November and set its 52-Week low of $14.24 in February. The stock is up nicely today ahead of this afternoon's earnings release. Analysts are expecting the company to post fiscal second quarter 2010 earnings of 7 cents per share following the market close today. Technical indicators for the stock are bearish and S&P gives ERTS a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on ERTS the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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